NXST Should I Buy
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Nexstar Media Group Inc (NXST) is not a strong buy for a beginner, long-term investor at this moment. While the technical indicators show bullish momentum and analysts have raised price targets, the company's recent financial performance is poor, with significant declines in revenue, net income, and EPS. Additionally, the options data suggests a lack of strong bullish sentiment, and there are no recent signals from Intellectia Proprietary Trading Signals to support a buy decision. Given the user's preference for long-term investment, it would be prudent to wait for better financial performance or stronger positive catalysts before committing funds.
The technical indicators for NXST are bullish. The MACD is positive and expanding, the RSI is neutral at 73.51, and the moving averages are in a bullish alignment (SMA_5 > SMA_20 > SMA_200). The stock is trading above the key pivot level of 239.008, with resistance levels at 251.36 and 258.991. However, the stock's candlestick pattern suggests a 60% chance of a -1.93% decline in the next day, -4.55% in the next week, and -10.65% in the next month.
Analysts have raised price targets, with Guggenheim and Benchmark setting targets of $290 and $300, respectively, citing strong free cash flow and growth potential from the Tegna acquisition. The acquisition is expected to increase Nexstar's scale, reaching 80% of TV households.
The company's financial performance in Q4 2025 was poor, with revenue dropping by -13.32% YoY, net income declining by -166.28% YoY, and EPS falling by -168.70% YoY. Additionally, there are no significant hedge fund or insider trading trends, and no recent congress trading data is available.
In Q4 2025, Nexstar reported a revenue decline to $1.289 billion (-13.32% YoY), net income of -$171 million (-166.28% YoY), and EPS of -5.64 (-168.70% YoY). Gross margin also dropped to 41.27 (-13.44% YoY), indicating significant financial struggles.
Analysts are generally positive on NXST, with multiple firms raising price targets recently. Barrington raised the target to $290, Benchmark to $300, and Guggenheim to $290, all maintaining Buy or Outperform ratings. However, Citi has a Neutral rating with a price target of $252, reflecting mixed sentiment.
